SMM Report: Galvanizing Industry Demand Pulls Back in Q1 2025, Slow Recovery Post-Holiday, Q2 Outlook Uncertain

Published: Mar 26, 2025 15:03

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[SMM]The first quarter of 2025 is about to end. During the Chinese New Year holiday, galvanizing enterprises gradually entered the holiday maintenance rhythm from early January. At the same time, due to the cold weather, most construction projects also gradually entered the holiday rhythm, and demand began to pull back. After the holiday, large factories resumed operations first, while small factories gradually resumed operations around the Lantern Festival. The progress of project construction resumption was slow, and demand slowly climbed. In February, infrastructure investment increased slightly YoY. Most enterprises were handling pre-holiday orders, and the operating rates of galvanizing producers slowly rose. Compared with the same period, the operating rate was relatively weak, and there was no significant "Golden March" peak season scene as in previous years. Will demand improve in Q2?

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